As you may know, we have been fighting a lengthy battle with the Freeholders and Agents to improve transparency and communication, in addition to a review of service charges for 2016.
The tribunal found that the insurance charges for 2016 were unreasonable to the amount of £40,000. This may be shown as a credit in each leaseholders’ final service charge bills for 2017/18. The tribunal also found that the Management fees from Premier Estates were reasonable and the CapEx reserve fund allocation was reasonable for 2016.
Please read the full judgement here, and if you have any comments, please do not hesitate to contact us. Judgement
